About Waterdrop Inc
Waterdrop Inc is a publicly listed company based in Chaoyang (China) founded in 2016 by Peng Shen, Guang Yang, and Yao Hu. It operates as an online comparison platform for health insurance. Waterdrop Inc has raised $525 million across 4 funding rounds from investors including Tencent, CICC and Swiss Re. The company has 3,060 employees. Its chief executive is Peng Shen. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Health. Its competitors include eHealth, Yuanbao Insurance Broker, Yuguo, Baobeikeji and International Health Insurance and 2 more; 1 of its 7 listed competitors has raised funding.
Company details
Waterdrop was founded in 2016 in Chaoyang, China, as an online platform focused on health insurance comparisons. Operations include a marketplace for health and life insurance products, crowdfunding for fundraising needs, and services in healthcare and pharmaceuticals through Waterdrop Medicine. Insurance awareness solutions are also provided to users, supporting business and individual requirements in the insurtech sector.
- Headquarters Chaoyang, China
- Employees 3,060
- Founders Peng Shen, Guang Yang, Yao Hu
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Website waterdrop-inc.com
- Social LinkedIn X Facebook
- Legal Name Waterdrop, Inc. Sponsored Adr Class A
- Annual Revenue$553.35 M (USD)43.67as on Dec 31, 2025
- Net Profit$79.15 M (USD)54.99as on Dec 31, 2025
- EBITDA$53.53 M (USD)103.04as on Dec 31, 2025
- Total Equity Funding$525M (USD)
in 4 rounds
- Latest Funding Round$150M (USD), Series D
Nov 2020
- InvestorsTencent
& 7 more
- Employee Count3,060
Funding Insights of Waterdrop Inc
Waterdrop Inc has successfully raised a total of $525M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $525M
- Total Rounds 4
- Last Round Series D — $150M
- Investors Count 8
All 4 funding rounds of Waterdrop Inc with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2020 | $150M | Series D | – | Tencent | – |
| Aug 2020 | $230M | Series D | – | Swiss Re, Tencent | – |
| Jun 2019 | $145M | Series C | – | Boyu Capital | |
| Oct 2018 | – | Series C | – | Dohler Ventures |
8 investors in total: 7 institutional and 1 angel.
Investors in Waterdrop Inc
Waterdrop Inc has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, CICC and Swiss Re.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | – | idgcapital.com | New York, United States | |
Boyu Capital is recognized as a leading alternative asset management firm. | – | boyucapital.com | Hong Kong, China | |
Early and growth-stage TMT startups are funded in China. | – | gaorongvc.com | Beijing, China | |
Early-stage startups in nutrition and technology are supported. | – | doehler-ventures.com | - | |
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
Reinsurance, insurance, and asset management services are provided worldwide. | 1863 | swissre.com | Zurich, Switzerland | |
Diversified asset management and corporate advisory services are provided. | 1995 | cicc.com | Beijing, China | |
YM Yuri Milner | Russian billionaire investor, founder of DST Global, active in tech startups | – | unknown_fa867cdbc94140fab | - |
Investor details for Waterdrop Inc
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People of Waterdrop Inc
3 people are tracked at Waterdrop Inc (3 in leadership); the tracked headcount is 3,060.
| Name | Role | Group |
|---|---|---|
Peng Shen | Co-Founder & CEO | Leadership |
Guang Yang | Co-Founder | Leadership |
Yao Hu | Co-Founder | Leadership |
Complete people profiles for Waterdrop Inc
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IPO & Listings of Waterdrop Inc
Waterdrop Inc is a publicly listed company on the NYSE with ticker symbol WDH in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 May 2021
- Listed onNYSE: WDH
- Listed entityWaterdrop, Inc. Sponsored ADR Class A
- Exchange sectorFinance
- ISINUS94132V1052
- Share price$1.05 (+2.94% on the day) · 2026-10-13
- Market capitalisation$378.9M
- Price to earnings5.0
- EPS (diluted, trailing year)$0.21
- Dividend yield4.71%
- Volume (last session)204,329
Financials of Waterdrop Inc
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $553.4M | $79.2M | $53.5M |
| 2024 | $385.1M | $51.1M | $26.4M |
| 2023 | $371.3M | $23.6M | $961,460 |
| 2022 | $416.1M | $90.2M | $74.4M |
| 2021 | $497.1M | -$244.1M | -$286.0M |
Detailed financial statements for Waterdrop Inc
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Timeline of Waterdrop Inc
4 dated milestones of Waterdrop Inc across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Waterdrop Inc is founded.
- Funding First funding round.
- Funding Latest funding round, Series D, of $150.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of Waterdrop Inc
Waterdrop Inc has 7 listed competitors in our database, 1 of them funded. They include eHealth, Yuanbao Insurance Broker, Yuguo, Baobeikeji and International Health Insurance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ehealthinsurance.com | 1997 | Mountain View, United States | $44M | 2,127 | Online health insurance comparison platform for individuals and small businesses | |
| yuanbaobaoxian.cn | 2020 | Chaoyang, China | – | – | Online health insurance comparisons are provided for individuals. | |
| yuguo.cn | 2012 | Beijing, China | – | – | A platform for distributing medical insurance services. | |
| baobeikeji.cn | 2015 | Shanghai, China | – | – | Mobile platform for buying and managing health insurance policies. | |
| international-health-insurance.com | 2007 | Kwun Tong, China | – | – | Operates as a platform for comparing health insurance options. | |
| myvhis.hk | 2019 | Hong Kong, China | – | – | Serves as a platform for comparing and selecting health insurance options. | |
| expatinsurer.com | 2014 | Hong Kong, China | – | – | An online platform specializing in health insurance for expatriates and travelers. |
Detailed competitors of Waterdrop Inc
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Web traffic of Waterdrop Inc
The website of Waterdrop Inc (waterdrop-inc.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▲ 7.9% vs previous month
Websites whose visitors overlap most with Waterdrop Inc. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
waterdrop.sg | waterdrop.sg | 100% | – | #5,341,132 | – |
Top companies in Insurance Providers
10 companies that operate in the same segment as Waterdrop Inc (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about Waterdrop Inc
Waterdrop Inc was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Waterdrop Inc is headquartered in Chaoyang, China. It is registered at Chaoyang, Liaoning, China.
Peng Shen is the current CEO of Waterdrop Inc. They have also founded this company.
Waterdrop Inc is a funded company, having raised a total of $525M across 4 funding rounds to date.
Waterdrop Inc has 3,060 employees.
Annual revenue of Waterdrop Inc is $553.35M as on Dec 31, 2025.
Waterdrop was founded in 2016 in Chaoyang, China, as an online platform focused on health insurance comparisons. Operations include a marketplace for health and life insurance products, crowdfunding for fundraising needs, and services in healthcare and pharmaceuticals through Waterdrop Medicine. Insurance awareness solutions are also provided to users, supporting business and individual requirements in the insurtech sector.
Waterdrop Inc's top competitors include eHealth, Yuanbao Insurance Broker and Baobeikeji.
Yes, Waterdrop Inc is publicly traded on NYSE under the ticker symbol WDH.
Waterdrop Inc has 8 investors. Key investors include Tencent, CICC, Swiss Re, IDG Capital, and Boyu.